Iran says oil too cheap

[~~~^~~~]

Abdullah el al-Badri, secretary-general of the Organization of Petroleum Exporting Countries, said Sunday that oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply -- something he doubted.

"Oil prices, there is a common understanding that has nothing to do with supply and demand," al-Badri said on the sidelines of an energy conference in Rome.

Also over the weekend, Iranian President Mahmoud Ahmadinejad was quoted Saturday as saying crude oil prices at $115 a barrel are too low, and that oil must "discover its real value."
Ahmadinejad made the remarks during a visit to an oil and gas exhibition in Tehran late Friday.

We've got problems. Iran, a sponsor of terrorism, says "oil prices are too low" as a Japanese tanker was hit by a missle near Yemen and pipelines were blown up in Nigeria.

The Iranians spend vast sums around the planet promoting (and enforcing) their ideology. Nuclear weapons programs aren't cheap either.

This provides some perspective for the real threats that are out there.

 

[fly4surf]

I think someone said this will all be handled by bush/Cheney during the Olympics.

 

[Max Powers]

Actually for those of us who really understand the problem it is the weak dollar that is really killing us. Also the little secret out there that OPEC can produce anymore they are running at full tilt. Guess what folks we have finally reached peak oil at a time when China, India, and other countries want as much as we do! Still think solar, wind and nuclear are stupid.

 

[Fly Astar Jets]

....Still think solar, wind and nuclear are stupid.

No. I think solar and wind are stupid. But Nuclear is a huge part of the answer. But try getting a nuclear power plant built in less than 30 years these days. Thanks Al.

FAJ

 

[Max Powers]

No. I think solar and wind are stupid. But Nuclear is a huge part of the answer. But try getting a nuclear power plant built in less than 30 years these days. Thanks Al.

FAJ

Wind and Solar make up 30 percent of Germany's power grid with more to come......And guess what Nuclear is also a finite source Uranium is in tight supply and at present levels is not the MAIN answer.

Wind & solar will always be there, so why is it stupid to invest in making it a viable source of power??????

Let me guess your a republican cookie cutter suburbanite living in your little closed minded bubble.

 

[Diesel-9]

I say we tell Iran it is getting too exspensive to store our nukes in underground silo's.

 

[c9skytrain]

Max: Before throwing insults around, you may want to brush up on your grammar and punctuation. It is pretty bad. Suggestion: Read out loud what you type before posting it. You can catch most of the errors that way.

 

[800Dog]

Actually for those of us who really understand the problem it is the weak dollar that is really killing us. Also the little secret out there that OPEC can produce anymore they are running at full tilt. Guess what folks we have finally reached peak oil at a time when China, India, and other countries want as much as we do! Still think solar, wind and nuclear are stupid.

Plenty of untapped oil off our own shores and various other places around the world. Greenies are a problem. Nuclear is a good idea.

 

[fletch717]

I say we tell Iran it is getting too exspensive to store our nukes in underground silo's.

That's the best solution to the problem!!!
Lets show'em how cheap a cruise missile is.

 

[Colonel Savage]

Let me guess your a republican cookie cutter suburbanite living in your little closed minded bubble.

So there you were going along making some very good points about energy, then you ran off the road and into the ditch with that one.